Donald Trump’s signed tariff plan – Photo credit CNBC
President Trump’s new tariffs affect every nation in the world, not just China. Here’s how Apple has been impacted and where the tariffs are hitting globally.
In February 2025, Bank of America predicted a significant impact on Apple due to the tariffs, estimating a potential 10% increase in iPhone prices. Apple has not yet confirmed any price changes, but they may have to adjust prices to account for increased manufacturing costs. The company has managed to keep iPhone prices consistent, but with rising costs, price hikes may be inevitable.
Previously exempt from tariffs during Trump’s first term, Apple now faces tariffs on all imports to the US. There are additional challenges with double-dipping in certain cases, such as iPads that have processors manufactured in Taiwan.
Analyzing each country individually, Apple now has to pay tariffs on devices or components imported from its major supply regions. The impacts are detailed by CNBC.
China
China plays a significant role in Apple’s production process, responsible for a large percentage of iPhone, Mac, and iPad assembly. Apple faces a 34% tariff on imports from Chinese suppliers.
India
India is a growing hub for iPhone assembly, with an expected increase in production. Apple now faces a 26% tariff on imports from India.
Vietnam
Vietnam has seen investment from Apple to avoid tariffs and reduce dependence on China. Apple faces a 46% import tariff on Vietnamese imports.
Other Major Countries
Thailand and Malaysia, where Apple produces some Macs, now face tariffs of 36% and 25% respectively. Taiwanese processors in Apple devices are subject to a 32% tariff on imports to the US.
The Impact on Apple and Market Sentiment
Analysts predict that the tariffs will impact Apple’s net income and EPS, with potential price increases offsetting the tariffs. Market sentiment has been negative, with technology stocks falling following the announcement of the tariffs.
Despite the challenges, Apple remains a focus for investors, but short-term impacts are expected. Stocks in technology firms, including Apple, saw declines in response to the tariff announcement.